News/News/Jan 29, 2026

Spot gold hits all-time high of $5,594.82 an ounce on January 29

XAU

Spot gold reached a record intraday high of $5,594.82 an ounce on Thursday, January 29, 2026, according to Qatar News Agency. The peak matters because it set the reference point for the sharp selloff that followed the next trading day.

  • Record spot gold price: $5,594.82 an ounce (intraday)
  • Set on Thursday, January 29, 2026
  • Selloff began the next trading day
XAU around the story · hourly24 h reaction ▼ 5.37%
4,560.065,050.175,540.27Spot gold hits all-time high of $5,594.82 an ounce on January 291Jan 25Jan 27Jan 29Jan 31Feb 2

Moves this explains

XAU+6.63%Jan 27 · Rose 6.6% to a record near $5,500 as a weaker dollar and US-Iran war fears drew safe-haven and investor buying. Spot gold set an all-time high of $5,594.82 the next day.
Source
Qatar News Agency
Jan 29, 2026
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